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Simple Ways To Save Money

Simple Ways To Save Money

When it comes to saving money I enjoy this game. I treat saving money as a game in order for the whole family to join in and it does not become a threat or a chore. Let’s take a look at some ways we can save money and not make it a negative thing to do.

  • Buy In Bulk

There are many reports by us news, cbn, money magazine and business insider that state purchasing in bulk can save you time and money. Most of the time if you purchase items from warehouse stores like Sam’s club or Cosco you can save on average of about thirty percent over the chain grocery stores.

  • Eat At Home

I know so many people that never eat any meals at home, this is so ridiculous. First eating at restaurants is not healthy for you and the money you waste can easily add up versus the money you would save if you purchased the food and cooked it at home. Example, my wife and I love a good rib eye dinner once a week, if we were to purchase this at a local chain restaurant we would easily spend $50 – $75 for this meal. I can purchase two rib eye steaks for $13 and potato, salad and vegetable I would spend no more than $20 for the both of us.  Right there I would save $30.00 from one meal.

  • Shop Smart

Shopping is a huge chore and many of us hate the thought of going shopping each week for groceries but if you shop smart it can save you time and money. Example, my wife and I sit down and plan out our meals for the week ahead then we put together our shopping list. First, by having a shopping list and stick to it you won’t spend money on things that you don’t need. We also keep track of prices at the local stores and farmers markets. When we put together our shopping list we will make separate list for different stores because we know that items will be cheaper at one store over another. Also we purchase all our fruits and vegetables at the local farmers market because the items are fresh and it puts money back into the community. By shopping this way we save a lot of money each week.

  • Shop with Coupons

In order to save money with couponing you need to mentally change how you shop. You will need to make your weekly meal plan according to what is on sale. Go to more than one store for the items on your shopping list. Be organized with your coupons before heading to the store. Don’t be afraid to stock up on items when they are a fantastic deal.

  • Eat Left Overs

I find that in today’s times many of our younger folks don’t eat leftovers. My wife and I were visiting our daughter for Christmas a couple years back and after dinner our daughter and husband took the leftovers and threw them in the trash. I about blew a gasket when I saw this. Now I am a little old fashioned since I was brought up by parents that grew up during the depression and I don’t throw anything away. Plus many foods taste better if they sit overnight in the refrigerator. So much money is wasted when you don’t eat leftovers and just throw them in the garbage.

  • Turn Lights Off

I find so many times lights left on in our home. I am constantly walking behind my wife and turning off light switches. When she gets up in the morning every light in the house goes on for some reason. This is such waste of money that can be used for other things and it is the simplest way to save money on your electric bill.

  • Conclusion

These are just some simple basic ways to save money for other things. Now if it was me and I did not have an emergency fund set up I would take this money and start applying to my emergency fund and get that set up first be anything else.

In some future episodes we will take a look at some other ways to save money and cut expenses.

Posted by Tom in Budgeting